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Liberty Steel investigated by Romanian prosecutors for embezzlement

The Guardian

|

November 14, 2025

Sanjeev Gupta's Liberty Steel is under investigation in Romania for embezzlement and tax evasion, adding to the metals tycoon's difficulties after the loss of his British operation.

- Jasper Jolly

The prosecutor's office in Romania said last week that it raided seven homes and the registered office of an unnamed company. It published a video - blurred to make identification more difficult - which appeared to show officers in helmets and body armour entering a property at night.

Liberty Steel and its parent organisation, the Gupta Family Group (GFG) Alliance, said Liberty would "defend itself against the unfounded allegations directed at the company".

FLERE HISTORIER FRA The Guardian

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time to read

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